The debtor is presumed to have been insolvent on and during what period of time immediately preceding the date on which the petition was filed?

Question

Quizplus · Accepted Answer

The debtor is presumed to have been insolvent during the 90 days immediately preceding the date on which the petition was filed. This is known as the "preference period" and any payments or transfers made during this time may be subject to scrutiny by the bankruptcy court.

The Debtor Is Presumed to Have Been Insolvent on and During